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Earnings Call

Hero MotoCorp Earnings Call: Key Takeaways

Hero MotoCorp reported record Q4 FY26 revenue of ₹12,797cr (up 29% YoY) and PAT of ₹1,401cr (up 30% YoY).

Why this was an Alfa AlertNot a filter event. Results were strong but management did not explicitly state a beat vs their own prior numerical guidance ranges.
Highlights
Revenue growth29% YoY growth in Q4 FY26; 15% growth for full year.
MarginsICE EBITDA margin at 17%; overall margin improved 30bps to 14.7%.
Order bookChannel stock reduced over the year; entering FY27 with healthy levels.
Demand visibilityStrong momentum continuing from H2 FY26 into start of FY27.
Management confidenceHigh; world's largest 2-wheeler manufacturer for 25 consecutive years.

Growth

FY26 revenue reached ₹46,830cr (+15% YoY) with highest-ever EBITDA of ₹6,871cr (+17% YoY).

Outlook

Guidance of 14-16% margins; ₹1,500cr FY27 capex planned for scooter/EV capacity expansion and parts center.

Risks

Commodity headwinds (aluminum, steel) and wage inflation began impacting margins in March 2026.

Source

Earnings Call filed with BSE, NSE: HEROMOTOCO. Summary written with AI assistance from the document.

Read the document ↗

Hero MotoCorp Ltd: key numbers

Share price
₹5,360.00
Market cap
₹1,07,276 Cr
Revenue (annual)
₹47,411 Cr
Net profit (annual)
₹5,742 Cr
P/E (TTM)
19.7×Sector 33.6×
Promoter holding
34.73%+0.00% QoQ
FII holding
31.09%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Value
₹4.80 Cr